Indian Bank Brings in New Products to Support Farmers and Poultry Players


Date & Time: 2020-04-03 14:24:26

In order to help and support farmers, poultry players and employees in the informal sector, the Indian Bank has launched three new products. Under the IND Covid Emergency Poultry Loan scheme, the borrowers in the poultry sector (breeder/ layer/ broiler) can avail 20% of the working capital limit. The agro-processing units can avail 10% of the working capital limit, under the IND Covid Emergency Agro-Processing Loan scheme. In the same way, under the IND KCC Covid Sahaya Loan, farmers growing crops & rearing animals and have Kissan Credit Card (KCC) facility can avail 10% of the limit as a soft loan, informed the Indian Bank in a statement. It said that these loans are repayable in easy installments with 6 months moratorium period.